1050 5th Avenue, Unit PHA

1050 5th Ave
Upper East Side

$10,000,000
Price
5
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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Description

A Rare Legacy Fifth Avenue Penthouse Offering - First Time Available in Over 60 Years Perched high above the Upper East Side's Gold Coast, Penthouse A at 1050 Fifth Avenue presents an exceptionally rare opportunity: a residence that has remained in the same family since the building was completed in 1959, and now, after more than six decades, is available for resale for the very first time. This elegant, light-filled home offers a refined lifestyle defined by space, privacy, and panoramic views....A Rare Legacy Fifth Avenue Penthouse Offering - First Time Available in Over 60 Years Perched high above the Upper East Side's Gold Coast, Penthouse A at 1050 Fifth Avenue presents an exceptionally rare opportunity: a residence that has remained in the same family since the building was completed in 1959, and now, after more than six decades, is available for resale for the very first time. This elegant, light-filled home offers a refined lifestyle defined by space, privacy, and panoramic views. Located on a semi-private floor with only one other residence, this expansive 8-room co-op boasts three to five bedrooms, three and a half bathrooms, and 3 private terraces, each offering distinct vantage points of Central Park, the Manhattan skyline, and the iconic Metropolitan Museum of Art. The gracious layout opens with a welcoming foyer and an elongated gallery, setting the tone for a home that flows beautifully from one space to the next. The oversized corner living room is bathed in natural light from South and West facing windows and opens directly onto a private terrace overlooking Central Park-a perfect setting for morning coffee or evening sunsets. Adjacent to the living room, a large formal dining room and a separate windowed kitchen allow for seamless entertaining and day-to-day comfort. Off of the kitchen is the fourth bedroom that can easily be used for guests or as a home office. A flexible bedroom wing allows for a variety of living arrangements. The current layout features three spacious bedrooms, including a versatile fifth room that functions beautifully as a library or home office with its own terrace. The primary suite is a serene retreat with a private terrace facing south toward the Met, a windowed en-suite bath, a large walk-in closet, and a hallway full of additional cabinetry for generous storage. Additional highlights include in-unit laundry, through-wall air conditioning, and an abundance of closets throughout the home. While the apartment is move-in ready, its scale and proportions offer endless potential for customization, allowing a future owner to reimagine and tailor the space to their lifestyle. 1050 Fifth Avenue is a full-service luxury cooperative designed by Melvin D. Lipman and Bernard Spitzer. Built in 1959 and located on the corner of East 86th Street and Fifth Avenue across from the Neue Galerie and Central Park, the 20-story building offers a 24-hour doorman and live-in resident manager as well as additional full-time staff ensuring attentive service, while modern amenities include a fitness center, common storage, garage, bike room, and laundry facilities. The building is pet-friendly and allows up to 50% financing. Pied-a-terre's allowed on a case by case basis. The location is among the most sought-after in Manhattan: across the street from Central Park, in the middle of Museum Mile, two blocks from the Metropolitan Museum of Art, and nearby access to all the shops, cafes, and cultural offerings of Madison Avenue and the Upper East Side. Whether enjoyed as-is or transformed into a one-of-a-kind showplace, Penthouse A offers a rare blend of heritage, privacy, and potential-an exceptional offering in one of Fifth Avenue's most respected postwar cooperatives. There is a capital assessment in place through 2025 of $1,649.20/month.
  1. Listed by Tate R Kelly • Coldwell Banker Warburg
    P: (917)-670-8702 C: (917)-670-8702 tkelly@cbwarburg.com
  2. Listed by Josue Gonzalez Gonzalez • Coldwell Banker Warburg
    P: (708)-299-2525 jgonzalez@cbwarburg.com

Property Details for 1050 5th Avenue, Unit PHA

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City, CityLights, Downtown, Panoramic, ParkGreenbelt, Skyline
LISTING UPDATED: 06/23/2025 02:28 PM

Property Details for 1050 5th Avenue, Unit PHA

StatusActive
MLS IDRLS20018480
Days on Market61
Taxes-
Maintenance$9,036 / month
Min. Down Pymt50%
Total Rooms8.0
Compass TypeCo-op
MLS TypeCo-op
Year Built1960
CountyNew York County

Building

1050 5th Ave

90 Units20 StoriesBuilt in 1960

Location

Listing Courtesy of Coldwell Banker Warburg
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Building Information for 1050 5th Avenue, Unit PHA

Building/Complex1050 5th AveFloor21Stories20Residences90Pet PolicyAllowedPet Policy Details3Year Built1960Building AgePost-war

Payment Calculator

$41,782 per month

30 year fixed, 6.845% Interest

Principal and Interest

$32,746

Property Taxes

$0

Maintenance/Common Charges

$9,036

The Payment Calculator is for illustrative purposes only.

Property Information for 1050 5th Avenue, Unit PHA

Summary
Location and General Information
  • Subdivision Name: Carnegie Hill
  • Stories Total: 20
  • Exposures: East, West, North, South
  • Garage Spaces: 0.0
  • View: Yes
  • Zoning Description: R10
Taxes and HOA
  • Tax Lot: 0001
  • Tax Deduction Percent: 56.00%
  • Tax Block: 01498
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 0001
  • Tax Monthly Amount: 0.0
  • Tax Abatement YN: false
Parking
  • Garage: Yes
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area Units: SquareFeet
Building Information
  • Building Features: Elevators
  • Landmark Status YN: false
  • Building Exterior Features: BuildingRoofDeck
  • Building Laundry Features: Other
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: false
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: StockCooperative
  • Number Of Shares: 1240
  • New Construction: No
  • Structure Type: HighRise
  • Property Condition: Good
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: Terrace
Interior Features
  • Cooling: Other
  • Entry Level: 21
  • Fireplace: No
  • Dining Type: Formal
  • Kitchen Condition: Fair
  • Floor Number: 21
  • Basement: No
  • Cooling: No
  • Laundry Features: WasherHookup, InUnit
  • Bathroom Condition: Excellent
  • ElevatorsTotal: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Attendance Type: DoormanFullTime, ElevatorAttendanceYes
  • Land Lease: No

Property History for 1050 5th Avenue, Unit PHA

DateEvent & SourcePriceAppreciationLink
Apr 23, 2025

Listed (Active)

RLS RESO #RLS20018480

$10,000,000—
DateEvent & SourcePrice
04/23/2025

Listed (Active)

RLS RESO #RLS20018480

$10,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1050 5th Avenue, Unit PHA

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
P.S. 6 Lillie D Blake
Public - PK to 5
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Jhs 167 Robert F Wagner
Public - 6 to 8
Rating
School
Distance
P.S. 6 Lillie D Blake
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 167 Robert F Wagner
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1050 5th Avenue, Unit PHA, Upper East Side

1050 5th Avenue, Unit PHA is a co-op for sale in Upper East Side. This property was listed for sale on April 23, 2025 by Coldwell Banker Warburg, it's currently listed at $10,000,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 6 Lillie D Blake, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 1050 5th Avenue, Unit PHA is a 5-bed, 3.5-bath, co-op built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Warburg

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.